Alibaba Group Holding Limited is a Chinese multinational technology company founded on April 4, 1999. The revenue of the company is $72 billion as of 2020. The operating income and the net income of Alibaba Group Holding Limited Company are $23.53 billion and $19.82 billion respectively as of 2020. Alibaba Group Holding Limited Company world’s largest retailer and e-commerce Company on the light of larges internet companies in the world. Alibaba Group Holding Limited Company’s BABA stock has reduced to 15% from the start of November month due to several issues. The stock market is suffering from a low stock rate since the covid-19 pandemic.
The revenue growth of the Alibaba Group Holding Limited is at 24.93 per cent since the last 12 months. The company powers over 56 per cent of China’s e-commerce market and is growing rapidly Alibaba Group Holding Limited is known as the Amazon of China. The price rate of the BABA stock is at a low price compared to its growth rate. If you are planning to buy stocks or get into the stock market it is better that you invest now during the covid-19 pandemic if you are financially well and have enough resources. The rates of the stock market are very low right now which may increase in the near future when everything gets back to normal. Investing in the stock market can be risky as one cannot predict the rise and the fall of the stocks in the stock market.
Investing in stocks during covid-19
The covid-19 pandemic has led the stock market to crash and decline the stock market value. The economic conditions of the markets were not good either before the covid-19 stuck as a result the market went more down. This failure can too be a benefit and can be taken advantage of by an intelligent investor. If the investor analysis and studies the market right during this pandemic with the prediction of the future results they can invest great which can be beneficial in the near future. The stock prices are comparatively very low which means the investor can buy the right stocks with cheap money which may generate higher returns in the future. The investor needs to see through the failure of the stock market to grab the right opportunity to make profit and money.
The most important thing for the investor to do before investing his money is to study the covid-19 pandemic and its effect on the different industries and how more it is going to impact. The right aftermath can lead to proper investment. If you want to buy this stock, you can check balance sheet at https://www.webull.com/balance-sheet/nyse-baba.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.